Market Observation: There is an interesting phenomenon worth noting. A well-known institution holds 626,778.65 ETH, with the total account value approximately $1.94 billion. Based on the current market prices, the average cost basis of this holding is around $3,105—while ETH's current price has basically touched this cost line.

Interestingly, the performance of their other holdings varies quite a bit. Mainstream cryptocurrencies like BTC, BCH, and BNB are still maintaining good unrealized gains. Only ETH has performed relatively weakly, along with the already cut-loss ASTER project. The WLFI token's performance has also been relatively stable.

From a multi-asset allocation perspective, this portfolio shows a clear divergence under the current market conditions. On one side, ETH is hitting the cost boundary; on the other side, other mainstream coins still have significant profit potential. This somewhat reflects the market's differing expectations for various assets.